Volkswagen (OTCMKTS:VWAGY) Upgraded to Equal Weight at Morgan Stanley

Volkswagen (OTCMKTS:VWAGY - Get Free Report) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a research note issued to investors on Friday, Marketbeat.com reports.

Other equities analysts have also recently issued reports about the stock. UBS Group upgraded shares of Volkswagen from a "strong sell" rating to a "hold" rating in a research report on Monday, March 17th. Citigroup reaffirmed a "buy" rating on shares of Volkswagen in a research report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Volkswagen Trading Up 0.4 %

OTCMKTS VWAGY traded up $0.05 during midday trading on Friday, hitting $11.32. The company had a trading volume of 171,997 shares, compared to its average volume of 254,687. The firm has a 50-day moving average price of $10.86 and a 200-day moving average price of $10.07. Volkswagen has a twelve month low of $8.57 and a twelve month high of $15.44. The company has a market capitalization of $56.75 billion, a PE ratio of 4.29, a P/E/G ratio of 1.03 and a beta of 1.31.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.